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What impact will new Chinese leadership have on you?

5 November 2012 Last updated at 15:30 GMT

This year the US election coincides almost to the day with another leadership process. In China the Communist Party Congress is about to begin, tasked with selecting new leaders for the first time in a decade.

They will formally take power next year.

It is a highly important moment for over a billion Chinese people, but also for others across the world because of the influence the new leaders' decisions will have on their lives.

The BBC's Katya Adler reports.